Loy Soo Chew

Group Managing Director

Kian Ann Engineering Limited trades tractor parts and diesel engine spares. The Company also trades and manufactures machinery spares, provides logistics and warehousing services, and invests in properties.


Established in 1965, Kian Ann Engineering Pte Ltd is one of the world’s largest independent distributors of heavy machinery parts and diesel engine components for excavators, bulldozers, wheel loaders, motor graders, trucks, trailers, power generation sets and marine engines.

Kian Ann is headquartered in Singapore and has subsidiary and associated companies in inter alia, China, Indonesia, Malaysia, Thailand, the United States of America, Canada and the United Kingdom.


KAG continues to find trading conditions in South East Asia highly competitive, particularly in Malaysia, Indonesia and Singapore itself. This has been the primary reason for revenue decreasing 20% year-on-year, from S$161,4 million to S$129,4 million. KAG’s strategy of diversifying its sales into other geographical locations has helped mitigate this decline. Sales to non-Asian regions now make up 27% of KAG’s revenue.

Gross profit for the 2020 financial year decreased 35% year-on-year, mainly due to decreased sales, compounded by an additional provision for slow moving stocks of S$5 million (S$4 million after-tax impact) arising from a refinement of our provisioning methodology during the year.

Total overhead expenses decreased by 9% year-on-year. The adoption of IFRS 16 has resulted in a decrease of rental expenses, which was partially offset by the increase in the depreciation of right-of-use assets.

The performance of KAG was enhanced through the strong performance of both its investment of 26% in Kunshan Kensetsu Buhin (KKB) the roller manufacturer in China, as well as its 50% shareholding in the parts distribution network in Canada and the USA, where profits rose from S$3,7 million to S$4,7 million, an improvement of 27%.

KAG’s 2020 results should be considered after taking into account the exclusion of a once-off additional stock provision, due to the refinement of the stock policy (S$4 million), impairment of goodwill (S$0,7 million), fair value gains on derivative assets (S$2,8 million) and an impairment of its investment in an associate (S$0,3 million), compared to a gain on disposal of a subsidiary (S$0,5 million) in FY2019, resulting in profit attributable to shareholders decreasing by 25% year-on-year, from S$10,9 million in FY2019 to S$8,2 million in FY2020.


Revenue Kian Ann
Sustainable operating profit Kian Ann
Net Operating Assets Kian Ann
Return on net assets Kian Ann


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